New hand-tossed cauliflower crust and gluten-free pizzas. Featuring hand-tossed pizzas, a seasonally-inspired menu, hand-shaken cocktails, premium wines & craft beers and more! Updated 1849 GMT (0249 HKT) July 30, 2020. Our main header menu . Careers. Family Packages. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. CPK secured nearly $47 million in new financing to ensure operations continue normally. The expansion was to be carried out by former Brinker International Vice President, Tom Jenneman, under the title of Chief Development Officer. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, United States. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Main Plates. Here's what you need to know, Why the world's largest ice cream company is betting on home delivery, Internet mocks McDonald's new meatless burger, This company is giving away bacon-scented face masks, People are brewing fancier coffee at home. Soups. An emergency board meeting was called, Hipp and Jenneman were fired, and Flax and Rosenfield resumed control of CPK. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. [14][15][16][17], In 2014, CPK started rolling out their "Next Chapter" locations, with modernized interiors and updated menus. [4], CPK started serving Gluten Intolerance Group (GIG) certified gluten-free pizzas, available across all CPK locations, excluding franchise locations, in 2013. California Pizza Kitchen has completed its bankruptcy restructuring with an equity transaction that eliminated more than $220 million in existing debt from its … All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Salads. Pizzas. Welcome to California Pizza Kitchen. The restaurant was started in 1985 by attorneys Rick Rosenfield and Larry Flax in Beverly Hills, California, United States. Locations. Factset: FactSet Research Systems Inc.2018. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. That's good for this company, Uber Eats' new ad pits Luke Skywalker against Capt. California Pizza Kitchen (CPK) is a casual dining restaurant chain that specializes in California-style pizza. Order Online + Catering + Gift Cards. Pastas. Try it today. This rapid expansion plan was a disaster.[why?] [18], In 2018, CPK added Cauliflower Pizza Crust to its menu nationwide. The closure of in-person dining in some states and the. "The unprecedented impact of Covid-19 on our operations certainly created additional challenges, but this agreement from our lenders demonstrates their commitment to CPK's viability as an ongoing business," CEO Jim Hyatt said in a release. Appetizers . Welcome to California Pizza Kitchen. All times are ET. Franchising. Full Menu. Picard, Imperfect Foods' business is booming during the pandemic, See Burger King's new three-lane (yes, 3!) The first menu, including the famous BBQ Chicken Pizza, was developed by Ed LaDou, then the pizza chef at Wolfgang Puck's Spago restaurant. Our main header menu . Rosenfield investigated the numbers and discovered the positive earnings numbers Hipp had been touting were masking difficult quarters ahead. PepsiCo executives had started cutting corners by replacing fresh ingredients with frozen vegetables and cheese (a change Flax and Rosenfield reversed later). Only at California Pizza Kitchen! Careers. [3][4], The Ocean Terminal, Hong Kong location at Christmastime, A new California Pizza Kitchen in Stamford, Connecticut, A California Pizza Kitchen location at Westfield Garden State Plaza in Paramus, New Jersey. By 1992, there were 26 CPKs. Yes! Contact us View my CPK Rewards account. New hand-tossed cauliflower crust and gluten-free pizzas. Franchising. Disclaimer. New hand-tossed cauliflower crust and gluten-free pizzas. CPK opened 15 stores in 1993, and then 28 more in the following year. Order Online + Catering + Gift Cards. Most of our restaurants are open - Take out, Delivery, Third Party AND Select Dining Rooms. CPK became an immediate success, and the company expanded throughout Southern California. Join CPK Rewards TM My Account + Menu. Click to find a location. Locations . Veteran restaurant executive Fred Hipp was hired to run CPK with an aggressive expansion plan, including 18 new stores in 2002, 22 in 2003, and 28 in 2004. [10], In 1997, the private equity firm Bruckmann, Rosser, Sherrill & Company bought out PepsiCo's two-thirds stake with the intention of taking CPK public in 2000, pushing for expansion to resume. California Pizza Kitchen is the latest fast casual chain to file for bankruptcy as the pandemic and its debt burden hampers its operations. [11], In 1992, PepsiCo paid nearly $100 million for 67% of the chain, with Flax and Rosenfield each receiving $17.5 million. They also serve various kinds of pasta, salads, soups, sandwiches, and desserts. Restructuring News. Power Bowl. Hart was named president, chief executive officer, and executive chairman. At the time, this was thought to be more than CPK was worth, and PepsiCo pushed to expand faster. It has around $13 million cash on hand and hasn't paid rent for the past several months on a majority of its locations. [7] The brand was originally licensed to Kraft in 1999. Restructuring News. Most of our restaurants are open - Take out, Delivery, Third Party AND Select Dining Rooms. California Pizza Kitchen (CPK) is an American casual dining restaurant chain that specializes in California-style pizza. [19], In July 2020, CPK filed for bankruptcy due to the COVID-19 pandemic. Welcome to California Pizza Kitchen. The chain has over 250 locations in 32 U.S. states[5] and 10 other countries,[6] including 15 California Pizza Kitchen nontraditional, franchise concepts designed for airports, universities, and stadiums. Our main header menu . [9], In 1985, Flax and Rosenfield pooled $200,000 in bank loans and savings along with $350,000 invested from friends to lease space on Beverly Drive in Beverly Hills, California. [10], In early 2003, CPK reported a 16% increase in profits, with Hipp telling analysts that CPK was in excellent financial condition. Restaurants, in particular casual chains like CPK, have been struggling in recent few months. All rights reserved. PepsiCo had invested tens of millions of dollars and quickly slowed expansion, and moved to cut costs. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Yes! Explore hand-tossed pizzas, seasonally-inspired ingredients, hand-shaken cocktails with our innovative menu. In a March 25, 2003 press release, CPK cut its first-quarter earnings estimates, which did not make sense given the positive forecast laid out just a few weeks earlier. All retail bankruptcies are not the same. Most stock quote data provided by BATS. The California Pizza Kitchen chain is widely known for its innovative and nontraditional pizzas, such as the "Original BBQ Chicken Pizza", Thai Chicken, and Jamaican Jerk Chicken pizzas. California Pizza Kitchen Frozen Pizza: inspired by global flavors with a California twist! [8] The license was assigned to Nestlé after it purchased Kraft's pizza lines in 2010. They have an extensive children's menu for children ages 10 and under which includes a variety of different pizzas, pastas, salad, and chicken. Grab your slice of the California State of Mind today! [10], Flax and Rosenfield served as co-CEO and co-Chairmen of CPK from 1985 through to 1996, and then again from 2003 to 2011. New York (CNN Business)California Pizza Kitchen is the latest fast casual chain to file for bankruptcy as the pandemic and its debt burden hampers its operations. Ingredients with Frozen vegetables and cheese ( a change Flax and Rosenfield reversed later ) hand-shaken with. Millions of dollars and quickly slowed expansion, and desserts its menu nationwide a year ago it! 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